Fact sheet: Premier MultiAssetAbsolReturn

Fund information
Fund name
Premier Multi-Asset Absolute Return C Acc
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund managers
  • David Thorntonsince 30/09/2011
  • David Hambidgesince 01/12/2009
  • Simon Evan-Cooksince 30/09/2012
  • Ian Reessince 01/12/2009
Fund objective
The Fund aims to generate positive returns over a rolling 3 year basis. However, there is no guarantee that this objective will be achieved over that specific, or any, time period and there is always a risk of loss to your original capital.
Benchmark
  • Libor GBP 3m + 2%
Investment style
Flexible,Absolute Return
Investment method
None
Quick stats
1 Year return
1.9%
1 Year rank in sector
29/72
Sector
UT Targeted Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.17%
Fund size
£139m (£113m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
15
Mid price
118.61
Top in this sector
Fund name1 Year
Majedie Tortoise23.1%
Jupiter Absolute Return10.9%
CF Ruffer Absolute Return8.9%
Newton Mgd Tgtd Rtn8.6%
7IM Unconstrained7.7%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • Alternative Assets40.8%
    International Equities32.8%
    Money Market18.3%
    Global Fixed Interest8.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%1.3%1.9%7.8%23.8%
Sector-0.6%-0.4%0.7%-0%5.5%14.9%
Rank within sector31 / 7441 / 7433 / 7229 / 7225 / 5814 / 47
Quartile2nd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.8%2.3%3.2%6.2%7.8%
Sector-0.1%2.2%2.5%6.5%3.3%
Rank within sector28 / 7230 / 6733 / 5827 / 536 / 47
Quartile2nd2nd3rd3rd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.1
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.68
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
1.64
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.23
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.36
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.56
Price movement
52 week high119.36
52 week low113.6
Current bid price-
Current offer price-
Current mid price118.61
Region
No data available.
Industry sector
No data available.
Asset type
1Alternative Assets40.8%
2International Equities32.8%
3Money Market18.3%
4Global Fixed Interest8.1%
Individual holdings
1OAKTREE NON US CONVERTIBLE BOND FUND3.7%
2POLAR GLOBAL CONVERTIBLES3.7%
3WESTWOOD GLOBAL CONVERTS3.2%
4HSBC 8% DJ EUROSTOXX DEF AUTOCALL3.1%
5ALLIANZ MERGER ARBITRAGE STRATEGY3%
6KLS ZEBRA GLOBAL EQUITY BATA MARKET NEUTRAL3%
7OLD MUTUAL UK SPECIALIST EQUITY3%
8BLACKROCK EUROPEAN ABSOLUTE ALPHA2.9%
9TWENTYFOUR MONUMENT BOND INC2.9%
Management
Fund manager group
Premier Asset Management
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund objective
The Fund aims to generate positive returns over a rolling 3 year basis. However, there is no guarantee that this objective will be achieved over that specific, or any, time period and there is always a risk of loss to your original capital.
Benchmark
  • Libor GBP 3m + 2%
Investment style
Flexible,Absolute Return
Investment method
None
Fund managers
NameSinceBiography
David Thornton30/09/2011David joined Premier in May 2006 and currently co-manages a number of discretionary Multi-Asset portfolios. He has research responsibility for the Fixed Interest, European equity, Property and Absolute Return sectors. Previously, David worked for several years as an Investment Analyst before becoming an Investment Manager in 2004, with responsibility for five discretionary multi-manager portfolios. He has a BEng (Hons) in Mechanical Engineering from the University of Bristol, holds the IMC and has completed the Certificate in Financial Planning.
David Hambidge01/12/2009David Hambidge is Director of Multi-Asset Funds and is part of the fund management team for Premier’s multi-asset fund range. He joined Premier in 1987. David has 27 years of investment experience and has managed multi-asset style funds since 1995. David leads the multi-asset investment team which includes Head of Research Ian Rees who joined in 2000, Investment Managers David Thornton and Simon Evan-Cook who joined in 2006, and Nick Kelsall since 2001. Mark Rimmer joined as the team’s investment specialist in 2015.
Simon Evan-Cook30/09/2012Senior Investment Manager, Premier Multi-Asset Funds. Simon is co-manager on Premier’s Multi-Asset funds, and researches overseas equity fund sectors. Prior to joining Premier in 2006, Simon held positions at Rothschild, Gartmore and Fidelity. He graduated from Hull University in 1996 with a BSc Honours in Economics and Accounting.
Ian Rees01/12/2009Ian has been with Premier since 2000 and joined the Pooled Funds team in April 2005. Ian was formerly the Senior Research Analyst for Closed End funds and has worked on Global Equity and Utility & Infrastructure.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Premier Multi-Asset Absolute Return A Acc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.07%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price112.61
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ678
Premier Multi-Asset Absolute Return B Inc
Initial charge-
Annual charge1%
Min single investment£50,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.57%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.36
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKK4M
Premier Multi-Asset Absolute Return C Acc
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price118.61
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLWE3
Premier Multi-Asset Absolute Return C Inc
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price115.49
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLWE2
Data provided by

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